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VNOM - Viper Energy: Near-Term Outlook And Re-Entry Point
Viper Energy Partners LP
In a previous article concerning Viper Energy Partners LP (VNOM), I stated:
The decline in production, total equivalent realized price, and profitability is disheartening enough. But the cut in distribution hurts; so I do not see the distribution cut to be forgiven by investors before Viper is able to seduce back investors with a reestablished strong uptrend in production and, with cooperating commodity prices, profitability. That may mean a continuation of weak price action, which can potentially bring the share price down to the $26 per unit neighborhood.